Boosting Competitiveness in NICICO by Smartening the Financial System
Boosting Competitiveness in NICICO by Smartening the Financial System
TEHRAN – The CEO of National Iranian Copper Industries Company (NICICO)  says using the traditional financial systems are outdated in the economic structures of production entrepreneurs of the advanced countries which are in NICICO’s type.

Mr. Ardeshir Saad Mohammadi said that smartening the financial system and change in the structures of the units is one of the most important priorities of the NICICO.

IRAN NEWS ECONOMIC DESK

He went on to say that by smartening the financial system in the company, the level of efficiency in the investment will increase considerably along with creating transparency.

He noted that in the current condition and in the most optimistic condition, preparing a report on the final cost in the company depends on industrial accounting reports which are presented at the end of every season, adding that in order to compete in the international level, the company needs online checking of reports of final costs of the products which helps the company to monitor all effective factors for reducing the final costs of the products.

Saad Mohammadi noted that in the current condition and with fast management decisions, they could stop the waste of energy and decline in efficiency.

He reiterated that boosting efficiency and competitiveness, transparency and monitoring online final costs of the products are of the major advantages of smartening the financial system in the company.

  • source : Iran news